Ideas, capital, and labor should be free to seek the country in which they are most productive. Otherwise, government causes distortions which reduce efficiency.

2:59 am January 31, 2011

JesterJames wrote:

why should US worry about capital control? We are the source of "hot money" that's causing inflation and instability around the world, like Tunisia and Egypt. There's no chance any of it will flux back to the US and cause hyperinflation and economic damage.

2:32 pm January 31, 2011

David Korten wrote:

This is a long overdue initiative. Why should it be a right of foreign speculators to crash someone else's economy for a quick private profit? Irrespective of whether we are the immediate targets, the rest of us all lose. This statement is a useful reminder that for markets to allocate efficiently, they must have appropriate rules.

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